3 1. Introduction to the ENPC School of International Management 1.1 Academic Excellence The Ecole Nationale des Ponts et Chaussées (ENPC) was established in 1747 as the world s first civil engineering school, committed to the creation of an elite French corps of engineers. The ENPC is celebrated for having produced inventors such as Louis Vicat, the creator of Grey Gold (cement) and Philippe Lebon, the first person to successfully use 'artificial' gas as a means of illumination on a large scale. The ENPC School of International Management came into existence in 1988 as a distinct addition to the ENPC s two centuries of excellence in academia. The ENPC School of International Management is located at 15 rue de la Fontaine au Roi, in Paris s 11th arrondissement. Today, the main campus of the engineering school is situated in Champssur-Marne, about 30 minutes from the center of Paris. The philosophy of the ENPC School of International Management stems from the belief that in today s world, business leadership and management success cannot be achieved without a strong commitment to ethical values and a comprehensive understanding of cultural diversity. Therefore, the school emphasizes the importance of knowing about one s self, other cultures, as well as values and belief systems (including business ethics, corporate citizenship, and social responsibility). The ENPC School of International Management also places a strong emphasis on technology and innovation management and entrepreneurship both in the specialist courses taught in the program and also in the links that the School has with industry and various development agencies. 1.2 Individual and Professional Development Participants join the ENPC Executive MBA program with individual sets of personal and professional experiences and expectations. Therefore, the Executive MBA program supplements key management knowledge and skills (e.g., economics, marketing, finance, accounting, strategy, operations, and technology) with opportunities to develop an individual management ethic, to work with international and multi-cultural teams, and to create perspectives for addressing global business issues. The ENPC Executive MBA program encourages participants entrepreneurial spirit by emphasizing how leaders apply self-reliance and innovation to the challenge of creating and developing organizations. The emphasis on entrepreneurial leadership is one example of how the ENPC Executive MBA program provides opportunities for participants to apply individual initiative and creativity. 1.3 International and Global Perspective The ENPC School of International Management s global focus is delivered by outstanding faculty members with extensive international experience and achievements. Courses are designed to ensure that connections are made to current international business issues and management challenges. The ENPC School of International Management in Paris is a leading player in a network of graduate programs that provide exposure to international business and global issues in a variety of geographical and cultural settings. Through this network, participants in the Executive MBA program in Paris may attend courses at the ENPC School of International Management s sister part-time programs in Casablanca, Shanghai, Abu Dhabi, and Philadelphia and may be able to earn credits towards their Executive MBA degree. See the section entitled Academic Partnerships for further information. EMBA Handbook 3 / 30

4 2. Curriculum of the ENPC Executive MBA The academic program of the ENPC Executive MBA has been designed to offer curricular excellence and pedagogical innovation. The curriculum provides a breadth of knowledge and skills, and courses are organized into the following study tracks: 1. Accounting and Finance 2. International Business and Strategy 3. Operational Management 4. Technology and Entrepreneurship 5. Human Resources and Organizational Skills 6. Integration Figure 1 - Study tracks Accounting and Finance - Financial Accounting - Managerial Accounting - Introduction to Finance - Corporate Finance International Business and Strategy - Strategic Management - Business Economics for a Global Market - Enterprise Risk Management - Corporate Governance, Business Ethics and Corporate Social Responsibility Operational Management - Marketing Management - Operations Management - Global Supply Chain Management - Project Management Technology and Entrepreneurship - Information Technology and e-business - Entrepreneurship and New Venture Creation - Marketing of Innovations and High-Tech Products Human Resources and Organizational Skills - Team Building and Leadership - Human Resources Management - Managing Change in Organizations - Business Negotiations and Conflict Resolution Integration - Business Simulation - Study Trip to the USA - Study Trip to China Initial courses in each track lay the foundations for subsequent courses, enabling each participant to benefit from an integrated and cumulative learning process. In addition to the core courses, the participant is required to participate in a final integration course (a computer-based business simulation exercise) and two overseas study trips, one to the USA and the other to China. EMBA Handbook 4 / 30

5 Overseas study trips constitute an important element of the ENPC Executive MBA program. All participants are required to attend the two trips during the program. Each trip has a specific theme. The theme of the US study trip is technology-based innovations and entrepreneurship with a series of visits to companies, financial institutions and agencies, as well as academic lectures. In China, the study trip is arranged around the ENPC Shanghai-based MBA with a series of company visits and guest lectures. Both study trips have been organized in such a way as to give participants sufficient opportunities to engage with, and experience, the local business, economic environment, people and cultures. Track I: ACCOUNTING AND FINANCE Financial Accounting The aim of this course is to allow participants to develop skills in assessing and evaluating the financial performance of a company from its published financial statements and to develop a framework to understand from those financial reports what they reveal about strategy and performance, how operational decisions impact on financial performance, why financial structure is important and how the providers of funds, both equity and debt, view companies. Articulation of balance sheets, income and cash flow statements Revenue recognition Financial instruments (debt equities, derivatives, hybrids, etc.) Taxation and deferred tax Leases Stock-based compensation Earnings per share Consolidated financial reporting Effect of accounting changes International regulatory framework The course will allow participants to undertake financial statement analysis; Analyzing an industry and economic environment Analyzing recent financial performance Analyzing a company s accounting methods Forecasting future performance Valuing the company. The course will be case study based, using the study of actual company statements across a number of countries and industrial and finance sectors to examine the various aspects covered in the course. Managerial Accounting To be effective managers need to be able to understand and use some key tools and approaches to cost accounting, management accounting, cost management and performance monitoring systems, all of which are essential to ensure the that the performance of any business improves. This course looks at the EMBA Handbook 5 / 30

6 implementation of strategy through the design and implementation of such management systems to plan and control an organization s performance The course will use a combination of case studies, reviews of companies and worked examples. The subjects covered include the following: Cost concepts and costing systems Cost allocation and activity based costing Cost centers and profit centers Budgeting planning and control, systems and monitoring Business decisions and risk, use of business decision support systems and risk sharing Investment management and measurement Cost benefit analysis of information systems Performance measurement Transfer pricing Linking incentive systems to strategy Balanced score card. Introduction to Finance The course is intended as a foundation course to provide a conceptual and theoretical framework to allow participants to better understand financing decisions, investment decisions and financial markets, products and valuations. In addition the course will provide participants with an understanding of the practical aspects of corporate financial management and the relationship between the theory and the practice in modern business. Financial Decisions: Financing sources Financial markets and products (equities, debt bonds, etc.) Overall capital structure design Choices of financial instruments to implement different capital structures Risk management and relationship between risk and return Investment Decisions and Value Creation Modern portfolio theory, expected returns, variance, diversification and capital asset pricing model Evaluating projects using net present value Criteria for making investment decisions Calculating the cost of capital Modern valuation techniques including pricing of fixed income securities, equities, and foreign exchange Valuation of financial assets and liabilities Valuation of companies The course will be based on the study of actual companies through case studies and the analysis of published financial statements. EMBA Handbook 6 / 30

7 Corporate Finance This course will study short-term working capital management and long-term capital investment decisions and the financial tools and techniques and analysis used. The course covers the selection of (real) investments, financing them and managing the associated financial risks, the concept of value maximization. Corporate sources of funding Capital allocation and structure Overview of external financing Risk within the corporation and in financial markets Capital structure Options and real options Valuation Corporate governance and executive compensation Working capital management Dividend policy The course will also cover, and therefore the participants will be able to undertake; Capital budgeting (discounting, NPV, and other rules) Project valuation Cost of capital calculation. In addition the course will look at international corporate finance and the impact/management of foreign currency transactions. The course will use a combination of case studies and examination of company reports to apply the concepts to real business situations. Track II - INTERNATIONAL BUSINESS AND STRATEGY Strategic Management This course introduces the basic concepts of strategic management as they apply to businesses and managing organizations, by looking at how to identify and choose a competitive position, to analyze a situation and how to implement the right policies and organizational context to make it work. The course will also examine some of the concepts and tools currently used to make strategic business decisions and look at the importance of product life cycles, industry structure analysis, experience curves, competitive analysis and value chains in determining strategy. Subjects to be covered include: - What is strategy? - How are strategies developed? - Knowledge creation and corporate culture - Market analysis and organizational analysis - Alternate strategic choices - diversification or consolidation - Strategies for collaboration alliances and joint ventures - Mergers and Acquisitions - Predictive analysis ways to assess strategies EMBA Handbook 7 / 30

8 - Implementing strategy - Changing strategy. The course will be based on a range of case studies and examples taken from a number of different countries and industry sectors. Business Economics for a Global Market The course deals with important economic issues that impact on business in a world that has become increasingly market-oriented and internationally integrated ( globalized ). The content of the course can be classified under three main headings: Microeconomic factors including demand and supply analysis, costs and incentives, the role of competition policy, the persistence of oligopoly and monopolistic competition, privatization and the economics of the environment. Macroeconomic factors aggregate output and the cyclical patterns in GDP and national income, the factors that determine; employment, the commitment to price stability and implications for monetary policy, prices, interest and exchange rates, the conduct of fiscal policy given the upcoming challenges of ageing population and rising debt. International factors trade theory and trade policy, implications of trade liberalization, the role of the WTO and institutions, regional trade agreements, international finance and global capital markets, current global imbalances and implications for exchange rates. Throughout the course, attention will be given to the major challenges and opportunities for business arising from the growth of emerging market economies. This has significant implications for the transfer of jobs and production in developed economies. A theme of the course is the need for a strategic response on the part of the individual firm, the industry and the government to meet these challenges. The worldwide movement towards knowledge-based activities in response to the pressure of global competition will be analyzed. A series of current articles and examples taken from academic, financial and business sources will be used. Enterprise Risk Management Effective risk management is an integral part of an efficient and successful organization. Risk Management cuts across all disciplines within an organization. It does not take place at the functional level, or the business unit level, but throughout the organization. It identifies and treats all serious risks across an organization in a coordinated way. Risk Management allows the firm to achieve its strategic objectives, and is focused on maximizing the firm s value, rather than avoiding adverse consequences. Risk Management requires the firm to identify opportunities for gain and exposures to unexpected loss. The firm must then assess the potential consequences, and plan to finance the consequences of any adverse events. This course is designed to introduce the risk management process in the context of general corporate management. Each step in the process will be reviewed in detail, including setting the risk management strategy, identification of risk, measurement and analysis of potential impact, and appropriate treatment techniques. Risk financing options will be discussed in the context of global insurance and capital markets. The course presumes no knowledge of risk management. However, while the risk management process encompasses all types of risks, we will focus our identification discussion on the class of risks known as hazard risk events, since you will not be exposed to these in other courses. EMBA Handbook 8 / 30

9 At the end of the course, you will: Understand the process, purpose, and role of risk management in a firm Understand the scope of risks facing firms Understand the tools used to mitigate risk, including crisis planning and response Understand the role of insurance and capital markets in risk management. Corporate Governance, Business Ethics and Corporate Social Responsibility The course is wide-ranging, looking at the broader responsibilities of business with respect to ethical issues, environmental responsibilities, community relations and the legal framework; the external factors, and the internal factors and influences; the style culture and responsibilities of management and the increasing influence of stakeholders, other than management and shareholders, in the running of a company, in a business environment increasingly influenced by globalization trends. The course will look at subjects including: An introduction to corporate social responsibility Corporate governance structures and guidelines CSR and the corporate governance management system Management and board responsibilities, board composition and the role of non executives Corporate governance principles in different countries Relations with stakeholders Identification of stakeholder expectations Establishing and managing the systems processes and resources Measurement and reporting The link with risk management. In addition the course will review some specific issues with regard to the law and intellectual property as they impact on business viability; Managers and the Legal Environment: How to identify legal issues before they become problems Contracts, torts, product liability, international law, employment, litigation and dispute resolution The duties of officers directors and shareholders Intellectual Property and Business: The impact of IP rights on business decisions Background to IP law Valuation of IP Protection of IP The course will be based on studies of a range of different companies operating both in local markets and internationally. EMBA Handbook 9 / 30

10 Track III - OPERATIONAL MANAGEMENT Marketing Management This is a review of modern marketing theory and practice, revolving around the central decision variables of marketing which are; product, price, promotion and place. The course will provide an understanding of the concepts of marketing management and how to apply them, building a framework for defining the market, developing a marketing strategy, planning marketing tactics and making marketing based recommendations. The course includes: Customer segmentation, decision making and perception Marketing Strategy market selection, resource planning, threats and barriers to block competition. Product Development measuring/assessing new product ideas, screening and the product development process Distribution channel management identify and resolve channel issues, channel segmentation, incentives and co-ordination Pricing how pricing decisions are made, pricing tactics, legal and regulatory constraints Advertising positioning the product, how to design a campaign and manage a team. The course will be based on case studies and examples and will cover introducing new products to new markets, innovation, the marketing of technical products and the effect of the internet on marketing. Operations Management This course looks at the key aspects of production and operations management, forecasting, planning, scheduling production and quality control, but it looks at these subjects within the analysis of the overall flow of materials products and information within and between organizations. The premise is that operations is the planning, control and implementation of the processes used to transform inputs into goods and services and supply chain management is the integration of business processes within and across organizations, from the sourcing of raw materials through to delivery to the final customer. The subjects covered in the course are: Manufacturing methods and systems of production, scheduling, materials requirements planning and capacity planning, including the role and influence of integrated MRP and ERP systems Process Management the design analysis and management of production processes to improve performance Demand planning and management linking business plans and forecasts within an organization and externally amongst supply chain partners Principles of purchasing and supply sourcing strategies and concepts Strategic supply chain management integration of the theories concepts and methods Evolution of supply chain management in today s organizations. The course will be based on case studies and studies of current company operations and practices. EMBA Handbook 10 / 30

11 Global Supply Chain Management Global Supply Chain Management covers three major pillars: the customer service, the production operations and the logistics operations. The more advanced level of logistics maturity called Supply Chain Management has the purpose to trade-off the service delivered to the customers and the cost of the supply chain through an optimization approach. At that level of maturity which considers the Supply Chain as a key business process, the challenges for the Boards is to apply a quite sophisticated trade-off at four levels of objectives: customer service level, cost of the supply chain, inventory holding cost (working capital) and return on capital employed (ROCE) by better using the assets capacity. The notion of global relates to three integration levels (functional, geographical and sectorial) which require the design and the implementation of collaborative solutions within the company itself and between the involved actors within the value chains. This course addresses issues related to supply chain management at three levels: 1. Strategy: How to get a competitive advantage by designing and implementing new Supply Chain business models? How to develop creative solutions within the value chains and what could be the role of new actors such as 4 th Party Logistics? How to design in a concurrent way the new products, the production processes and the supply chain? 2. Processes and related Information Technology: This is a very dynamic field at the both decisional and transactional levels which has the purpose to better integrate the Demand Side and the Supply Side of the Supply Chains. The targeted processes are Demand Plan and Forecasting, Master Supply and Production Schedule, Sales & Operations Planning and the IT solutions sustaining those processes are for instance APS, ERP, SCE, TMS and WMS. 3. Operational: Strategic decisions and technological choices are rooted in a good understanding of the operational level of supply chain management. Some insights are given on these operational processes in the manufacturing, warehousing and cross-docking fields. A complementary dimension is provided on the green logistics and the reverse logistics sustaining the recycling operations fulfilling the overall product life cycle. Project Management This module will be offered for the first time later in A full course description will be added at a later date when finalized by the professor. Track IV - TECHNOLOGY INNOVATION AND ENTREPRENEURSHIP Information Technology and e-business The objective of this course is to better understand the role and influence of information technology and systems on today s enterprise in both adding value and creating competitive advantage and how to use technology as a strategic lever in today s increasingly competitive business environment. Adequate knowledge of technology is now a pre-requisite for successful managers, and the course addresses the implications for managers and organizations by looking at recent IT capabilities and how companies can build technology-based competencies. The course starts by reviewing: The strategic perspective of IT and e-business management EMBA Handbook 11 / 30

12 The evolving business models driven by IT and electronic commerce The importance of matching business models with new information technologies. Then by more detailed, case-based study, the course examines: IT-enabled products, services and processes E-business models and strategy analysis B2C e-commerce for e-retailing and e-services B2B electronic markets Mobile commerce and wireless Internet applications Defining enterprise IT strategy New emerging technologies. The objective is to learn by studying not just the theory, but also the practical applications of these relatively new concepts and business models and the lessons to be drawn from them. Entrepreneurship and New Venture Creation This is a course about entrepreneurship rather than a course for entrepreneurs. Principles of entrepreneurship are equally valid for managers within organizations as they are for the entrepreneurs working within their own start-up. The course covers strategic analysis and planning, competitive market analysis, product and process management, resource management and finance and the internationalization of markets. Subjects include. An introduction to entrepreneurship, the entrepreneurial approach and success factors Discovering and defining real opportunities, new creative ventures from ideas to products Launching a new venture an overview of the business start-up process New ventures in technology the challenges Resource management and developing the business plan Financing the entrepreneurial business Managing a early stage growth business Corporate venturing and intra-preneurship. The course will be based on real-life situations and companies, with the use of case studies and contemporary materials. Marketing of Innovations and High-Tech Products There is little disagreement with the idea that companies need innovation and companies spend enormous amounts of money developing new products and services. Yet, by all accounts, some 40-90% of innovations fail in the market. In this elective examines the drivers of market adoption, taking the perspectives of both objective reality and the perceived reality of the players in the decision. The course then offers some suggestions for bringing innovations more successfully to market. Specifically the course explores the following: EMBA Handbook 12 / 30

13 the nature of risk in marketing innovation relating to the innovation itself, the innovating company and intended consumer an added dimension of valuing by perceived value (rather than economic utility) investigating the psychological factors inherent in the behavioral change required by the innovation, both from the perspective of the consumer and the developer the different market research, strategies, organization structure and new product development processes required according to the nature of product and behavior change; the course focus is on bringing products to market but in so far as other functions impact on the firm s ability to do this successfully they are discussed in the course. The focus of the course is on consumer product and service innovations. More time will be devoted to new to the world innovation than to new improved innovations. Track V - HUMAN RESOURCES AND ORGANISATIONAL SKILLS Team Building and Leadership Leaders in modern business need to be adept at managing and dealing with people from different cultures, and also understand something of the essence of each culture, because that is important in determining customer and employee behavior. Awareness of these issues is important as skills and behaviors considered as effective leadership characteristics in one culture are not necessarily perceived as such in all cultures. The course will cover: The concepts and definitions of culture What constitutes effective leadership across cultures What are the different aspects of leadership in different cultures How are specific characteristics valued differently in different cultures What is the impact of inherited culture: that is ethnic, racial religious and national background against that of an assumed culture that is the company culture. In addition, the course will study the importance of: Symbols Role models Common language Customs and traditions Core values. By using case studies and practical examples of companies operating in cross cultural businesses or new markets, for example the challenges of operating in China. The course will look at the practical implications of cultures on the management and leadership of organizations and how these cross-cultural factors affect those organizations. EMBA Handbook 13 / 30

14 Human Resources Management This course is an introduction to human resource management and will explain how companies can gain competitive advantage through the successful recruitment, development and motivation of their employees. The initial part of the course will cover the broader issues of: Managing organizations Industrial relations Personnel management Learning and development Industrial democracy. The course will then go on to review: Theories and models of Human Resource Management Organizational culture and employee relations HR Planning Job analysis and job evaluation Managing pay, motivation and incentives Recruitment and selection Performance management and appraisal Learning and training Employee relations International dimensions of HRM. Wherever possible actual company examples will be used and referred to and a range of case studies will be used. Managing Change in Organizations The course will be about making the case for change, assessing the impact on the organization and how to then develop change and communication strategies and plans. A key element of the course is to understand the reactions to change, to understand why so many changes fail by looking at the psychology of change, change management strategy and planning, motivation, communications training and coaching and recognition of success. The course will follow the process through case studies and examples of how to manage the change process showing: The case for change and defining the principles Stakeholder analysis Developing the change management strategy and plan Impact assessment The role of change agents Communications Initiating and then sustaining change Risks and contingency planning. EMBA Handbook 14 / 30

15 Finally the course will show how change must be put in the context of the bigger picture and be linked to the future direction and plans of the organization. Business Negotiations and Conflict Resolution This course provides both a theoretical perspective on effective negotiation, plus it constructs a framework to put the theory into practice. Illustrations are given of effective and ineffective negotiation practice, but a key element of the course is learning through interactive exercises and role play. The course will cover: Introduction to business negotiation, planning for negotiation and setting objectives What is good negotiation? Negotiating styles and cultural factors and implications Issues in negotiation Planning the negotiation Conflict and power The process of negotiation Constructing an agenda Approaches to bargaining Ethical issues The role of third parties The emerging laws around negotiation. Some examples and case studies will be used to illustrate the principles. Track VI - INTEGRATION Computer-based Business Simulation Whilst the entire program is designed to support integration and the coordination of different management disciplines and structures, the final course will be a competitive business simulation exercise where the participants will have to integrate and apply many of the various concepts they have learned on the course. Overseas Study Trips The program includes two one-week long study trips: to the USA and to China. The content of each study trip revolves around a business/management theme and includes academic lectures, corporate presentations, field-based company visits and meetings with Alumni. Study Trip to the USA The U.S. Study Trip is designed to introduce participants to leading Technology, Innovation and Entrepreneurship institutions on the East Coast of the U.S. Participants will also examine investment, banking, EMBA Handbook 15 / 30

16 US regional business development, and the realization of the so-called American Dream, through visits to a mix of small to large businesses, factories, banks, and governmental business development bodies. In Boston, participants will attend lectures on entrepreneurial marketing and visit a technology incubator and high-tech start-ups. In New York, the focus will be on investment and international banking. Study Trip to China An annual Study Trip to Asia has been part of the ENPC School of International Management tradition since its inception. More recently, this trip has been to China, more specifically to Shanghai. Its main objectives are presented hereunder. Participants are involved in its planning and organization, and contribute to several aspects of the trip as well as to its success. Objectives An introduction to the Chinese society and culture. An introduction to the Chinese business life in a booming region on the Eastern Coast of the PRC. An opportunity to study current business issues in China after its admission to the WTO, hosting the Olympic Games in 2008 in Beijing and in light of ongoing preparations for organizing the Universal Expo of 2010 in Shanghai. Contacts with ENPC MBA Shanghai participants and with Chinese businessmen on concrete projects. During the study trip, mornings are often devoted to lectures and guest presentations while afternoons are devoted to company visits. EMBA Handbook 16 / 30

17 CALENDAR 2009/2010 Note: The dates below for the courses taking place in 2010 are confirmed. However, for , the specific dates of the modules and the study trip as well as the sequencing of the topics will be confirmed later in Figure 2 - Calendar Dates Modules January 2010 Team Building and Leadership (Prof. Bob Marx) February 2010 Business Economics for a Global Economy (Prof. Dermot McAleese) March 2010 Financial Accounting (Prof. Gerard McHugh) 9-11 April 2010 Marketing Management (Prof. Marco Protano) May 2010 Study trip to China (Prof. Tawfik Jelassi & Prof. Chalom Schirman) June 2010 Introduction to Finance (Prof. John Soss) subject to confirmation 2-4 July 2010 Human Resources Management (Prof. John McClendon) August Summer Break September 2010 Information Technology and e-business (Prof. Tawfik Jelassi) 8-10 October 2010 Strategic Management (Prof. Sam Beldona) subject to confirmation November 2010 Corporate Finance (Prof. Nahum Biger) subject to confirmation December 2010 Managerial Accounting (Prof. Michel Lebas) subject to confirmation EMBA Handbook 17 / 30

18 3. Academic Policy 3.1 ENPC Executive MBA Program Code of Values Academic policies for the Executive MBA program are based on our commitment to flexibility, learning as personal change, honesty, and respect of others. The ENPC School of International Management is an environment where academic learning intertwines with personal growth to improve personal and professional achievement. This is a goal achieved individually and as members of our community. Commitment: Participants make a vital contribution to the academic environment through their commitment to and cooperation with the ENPC School of International Management community. Participants and members of the ENPC School of International Management team create a positive and constructive learning environment where each participant contributes to the program s excellence. Learning as Personal Change: Participants often change career objectives during the program. These changes are an integral part of the learning process. Participants are encouraged to discuss their thoughts and plans with their academic and career advisors. Honesty: The ENPC School of International Management encourages group work and collaboration but enforces severe sanctions in cases of presenting another person's work as one's own. Respect for Others: ENPC School of International Management participants are required to adhere to a code of honor based on respect for others. 3.2 Deadlines Course assignments are submitted by to the Program Coordinator by 17:00 on the due date. The participants shall receive a confirmation from the Office of Academic Affairs within 24 hours during the business days, informing them that the assignment has been received. If a participant has submitted the assignment and did not receive the confirmation from the Office of Academic Affairs, he/she is expected to contact the Executive MBA Program Coordinator in a timely manner, in order to conform to the established deadline for assignment submission. In accordance with the ENPC EMBA policy regarding late assignments, submissions after the deadline shall be downgraded as follows: Within two days after the deadline: the assignment shall be downgraded by one grade; Within four days after the deadline: the assignment shall be downgraded by two grades; Within six days after the deadline: the assignment shall be downgraded by three grades; No submissions will be accepted after six days of the deadline. Non submission will result in a failing grade for the module. EMBA Handbook 18 / 30

19 Assessment The School s assessment policy varies by program, but is based on the principle that assessment includes feedback, evaluation, mark or grade and a recognized level of achievement. In the Executive MBA program, the School s assessment method aims at ensuring that participants meet the learning objectives of each module. As a result, the basis for assessment in each module may vary, but final grades are based on a combination of group work, in-class presentations and individual assignments or tests. Class participation is typically not graded as a high level of interaction is expected from all participants in the Executive MBA. The grading scheme that is used in the Executive MBA program is based on the following table: Figure 3 Grading scheme Descriptor Definition Grade Distinction Outstanding, exceptionally high standard Distinction Excellent in most respects, very minor defects 18 Distinction Very good to excellent, a few minor defects 17 Pass Generally very good, but with some defects 16 Pass Good creditable work, but with a few notable defects 15 Pass Quite good, but with a number of shortcomings 14 Pass A fair effort, but with a number of significant shortcomings 13 Pass Acceptable standard to validate the module 12 Pass On the borderline between satisfactory and unsatisfactory, a number of significant shortcomings Fail The standard of work is not sufficient or acceptable to achieve a pass grade 8-9 Fail Completely unsatisfactory, a number of serious shortcomings 1-7 Fail Plagiarism 0 Fail Unauthorized withdrawal 0 Fail Academic misconduct 0 EMBA Handbook 19 / 30

20 In the event that a participant fails a module, then he/she will be given one opportunity to resubmit the work in question or re-take a test. If this does not result in a pass, then the participant will be required to re-take the module again when it is next offered, or by agreement with the school, take an equivalent module in another ENPC MBA program. As all the modules in the program are compulsory; participants must pass all of them in order to graduate. The overall grade in a given module is based on at least two of the following assessment criteria: Individual Assignments: Prepared individually and submitted within a set time limit. Team Assignments: Prepared by all members of a team during the course. Only a team member who has made a significant contribution to the assignment can be listed as an author of a group assignment. Each team is expected to submit on the cover page of the assignment the amount of contribution of each team member. Teams will be composed for each module by the Executive MBA Program Coordinator. Oral Presentations: Faculty members often require individuals and teams to make a presentation to the class. Assessment includes the quality of content, presentation skills and visual aids. In-class examinations: Closed-book exams: A closed-book examination is written individually without aid or assistance of another person, computer, electronic device, notes, or books. Open-book exams: The professor will designate the material that may be used during the exam. When approved in advance by the faculty, personal computers may be used. Calculators, books or notes may not be shared. Take-home examinations: Must be completed individually and within a set time limit. Participants can expect to receive their grades roughly four weeks after assignment or exam due dates. Grades are posted confidentially. Graded assignments and exams with comments from the professor are returned to participants. 3.3 Class hours In-residence modules run from Friday to Sunday on the specified weekends listed on the calendar of the program. Class hours are as follows: Friday: from 09:00 to 19:00 Saturday: from 09:00 to 19:00 Sunday: from 09:00 to 17:00 EMBA Handbook 20 / 30

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